Replies to post #21973 on Valiant Eagle Inc (PSRU)

[stockstobuy]

Possibly because some of those notes are 3 years old. Anyway, If he had forgiven the debts that PRSU owed him, that means he is really serious to make his company succeed. Many CEO's wont do that, in fact, they will suspend the payment until the company makes money to pay its debt.


Press Release | 02/23/2021
Valiant Eagle Inc. (OTC: PSRU) Sheds Significant Debt

Valiant Eagle Inc. is pleased to announce that it has shed a significant portion of its convertible debt. Xavier Mitchell, CEO and significant debt holder, has agreed to forgive all of his convertible debt to increase profitability and make the balance sheet significantly more attractive.



This new initiative will be reflected in the March 31, 2021 disclosure statement filed with OTC Markets Group Inc. The approximate amount of the debt is $26,500,000.



Xavier Mitchells forgiveness of the debt owed to him will allow the company to become profitable sooner than anticipated. As a significant preferred and common shareholder, he is a direct beneficiary. Paying off the convertible debt is not only fiscally responsible, it strengthens the balance sheet and enables it to explore new initiatives to help the company increase shareholder value in 2021.



Xavier Mitchell, CEO of Valiant Eagle Inc. (OTC: PSRU), states, I have forgiven all of the debt the company owes me. This was completed to align my interests more closely with that of the common shareholders. Furthermore, this will allow us to attract more institutional investors. Our annual report for the period ending December 31, 2020, shows revenue of $1,940,799, but our interest expense was $2,079,073. With a good portion of the interest expense now eradicated, our path to profitability is more apparent. We continue to improve our capital structure to support our long-term timeline and goals, and we believe Valiant Eagle is well-positioned for growth in 2021 and beyo

[Scoutmaster]

To HighPeaks ( and the other mods.):

I see that you have read the up to date DD that was just presented. From the research that I have done I would say that it is correct.

I mentioned this last week and I am mentioning it again here...

The information that is listed at the top of this Discussion Board is NO LONGER CORRECT and needs to be updated. The SHARE STRUCTURE in NOT CORRECT and is no where even close. It states that OS is under 100 Mil when it is actually over 1 Bil. That needs to be corrected quickly IMO.

There is also no mention about Reg A offering started in May of 2021 and running into May of 2022 of 2 Billion shares which would put the OS shares at a max of about 2.4 Billion at that time if all shares are sold.

This is all critical information for any potentional investor in this company.

I would ask that this be updated to reflect the CURRENT information as soon as possible.

If this is not up to you and the other Moderators, please let me know who to contact to have this done.

Thanks,

SM